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EUR/USD, AUD/USD, GBP/USD and USD/JPY Daily Outlook – May 26, 2017
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EUR/USD The pair traded within a tight range for most of the day yesterday as the traders adopted a wait and watch attitude with no fundamental news or
EUR/USD
The pair traded within a tight range for most of the day yesterday as the traders adopted a wait and watch attitude with no fundamental news or economic event dominating the currency markets for yesterday. Though a steady dollar strength was the theme of the markets yesterday, it did not seem to affect the euro as much as the other currencies. …Read More
GBP/USD
The pair had a volatile day of trading yesterday as the pair first tried to make a move towards the range highs above 1.30 but was again promptly met with a lot of selling which has led to a period of correction in the pair. This has pushed the pair below the 1.29 region during the course of the last 24 hours and it continues to look weak. …Read More
AUD/USD
This pair also had a very volatile session with the pair making a break through 0.75 but could not hold on to its gains. The trading over the last couple of days has been indicating that the upward momentum is getting slower and slower and this could mean that the pair could drop hard anytime. …Read More
USD/JPY
The pair has been chopping around within a tight range over the past few days as the support at the 111.5 region has been helping to bounce everytime the pair has come near that region while a lot of selling seems to be building up in the 112.2 region on the upside. These 2 regions are holding the price movements for now. …Read More
About the Author
Colin Firstauthor
Colin specializes in developing trading strategies and analyze financial instruments both technically and fundamentally. Colin holds a Bachelor of Engineering From Milwaukee University.
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